The Rate Type maintenance document is used to establish and maintain numeric codes and textual description values which are stored in database tables. This data serves as reference information that is made available for display and selection in various areas of the system, including other e-docs. Rate Type is the type of rate that the system applies to specific cost elements (i.e. fringe benefits, F&A, inflation, etc).

Figure 1633 Rate Type Maintenance Document Example Layout
The Edit Rate Type section of the Rate Type maintenance document is a unique section that allows you to specify and maintain the details associated with the reference table record in fields.
Table 679 Rate Type Maintenance Document - Edit Rate Type Section Field Descriptions
|
Field |
Description |
|
Rate Class Code |
Required. The
numeric value that the system uses to reference this rate class that is
associated with this unique rate type. Type the suspected value in
the box and click the direct inquiry |
|
Rate Type Code |
Required. The value that is associated with the type of rate that the system applies to specific cost elements (i.e. fringe benefits, F&A, inflation, etc) |
|
Description |
Required. Enter text
to describe this individual rate type (could be a single word,
several words separated by spaces, a phrase, or number/word combinations
that can have most characters, such as slashes and parentheses). The type
of rate that the system applies to specific cost elements (i.e. fringe
benefits, F&A, inflation, etc). Click the add note |

Figure 1634 Rate Type Maintenance Document Example Values